Grocery Delivery - Seychelles | Statista Market Forecast

The Grocery Delivery market in Seychelles is expected to generate a revenue of US$3.00m by 2024.
This projection indicates an annual growth rate (CAGR 2024-2029) of 6.44%, which will result in a market volume of US$4.11m by 2029.
In comparison, the Retail Delivery market in Seychelles is projected to reach a market volume of US$3.00m in 2024.
However, when looking at global figures, China is expected to generate the highest revenue, amounting to US$266.00bn in 2024.
The average revenue per user (ARPU) in the Grocery Delivery market in Seychelles is estimated to be US$281.80 in 2024.
Furthermore, the number of users in this market is expected to reach 14.1k users by 2029.
Lastly, the user penetration rate in the Grocery Delivery market in Seychelles is projected to be 9.8% in 2024.
Due to its unique geography and limited population, Seychelles has seen a surge in demand for grocery delivery services to cater to the needs of its residents.

Definition:

The Grocery Delivery market consists of food and non-food products that people regularly buy from a grocery store, including food and beverages, pet food, household cleaning products, personal care products, and other household consumables. Grocery delivery can be purchased through several different sales channels such as Omnichannel, Quick Commerce, or directly from the store.

Structure:

Grocery Delivery contains three markets: Retail Delivery, Quick Commerce, and Meal Kit Delivery. Retail Delivery includes delivery of these products directly by supermarkets, brick-and-mortar shops, or grocery stores. The order is placed through an online shop run by the retailer (e.g. Walmart+, Amazon Fresh). Quick Commerce focuses on online delivery services that provide customers with last-mile delivery (Instacart), or operate ghost stores where product selection is limited but delivery time is faster (e.g. Gorillas, Getir, and Glovo). In this case, the platform (e.g. Gorillas) handles the delivery process. This also includes grocery delivery platforms where delivery is advertised under 3 hours, although, most players aim to deliver in minutes. Finally, Meal Kit Delivery encompasses the delivery of a recipe box where fresh ingredients are delivered to be prepared. This service is usually offered as a subscription plan (e.g. HelloFresh).

Additional Information:

Revenue figures refer to Gross Merchandise Value (GMV). User and revenue figures represent B2C services.

Fresh food & Beverages, personal care, or household items ordered online are directly delivered to the consumer, no matter if ordered via a platform (e.g., Instacart) or a retailer website (e.g., Walmart)
Online Grocery orders and delivery are both carried out by a retailer (e.g., Walmart)
Online orders that are picked up in the supermarket (e.g., Instacart) or operating ghost warehouses and delivery logistics (e.g., Flink)
Online orders of recipe boxes where the ingredients are already preportioned (e.g., HelloFresh)

Phone orders
Deliveries of prepared meals for direct consumption (e.g. Meal Delivery)

The demand for grocery delivery services is on the rise in Seychelles, as consumers increasingly seek convenience and safety amid the COVID-19 pandemic.

Customer preferences: Seychelles, an archipelago of 115 islands in the Indian Ocean, has a small population of around 98,000 people. However, the country has a high cost of living due to its reliance on imported goods, which makes grocery delivery services an attractive option for many consumers. Additionally, the COVID-19 pandemic has led to an increased demand for contactless delivery options, which has further boosted the popularity of grocery delivery services.

Trends in the market: The grocery delivery market in Seychelles is still in its early stages, with a few local players dominating the market. However, international players such as Carrefour and Spar have recently entered the market, indicating the growing potential of the sector. These players offer a wide range of products, including fresh produce, packaged goods, and household essentials, and are increasingly leveraging technology to improve their services. For instance, some players have launched mobile apps that allow customers to place orders and track deliveries in real-time.

Local special circumstances: Seychelles is a small island nation that relies heavily on tourism for its economy. However, the COVID-19 pandemic has severely impacted the country's tourism industry, leading to a decline in economic activity. As a result, many consumers are looking for ways to save money and reduce their expenses, which has made grocery delivery services an attractive option. Additionally, Seychelles has a high cost of living due to its reliance on imported goods, which has further boosted the demand for affordable grocery delivery services.

Underlying macroeconomic factors: The grocery delivery market in Seychelles is likely to continue growing in the coming years, as consumers increasingly seek convenience and safety amid the COVID-19 pandemic. Additionally, the country's high cost of living and reliance on imported goods make grocery delivery services an attractive option for many consumers. However, the market is still in its early stages, and local players will need to continue improving their services and leveraging technology to compete with international players. Overall, the grocery delivery market in Seychelles has significant potential for growth, driven by changing consumer preferences and the need for contactless delivery options.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Ecommerce market, in a PDF format.